generic electronic fund transfer - EFT
Hi everyone,
I had checking accounts with many Canadian financial institutions and not a single one of them allows me to make a transfer to a generic account identified with transit number / bank number / account number. Each bank has a list of payees but none of them seem to allow a generic payment. A sort of "pay anyone" based on their bank account number.
In many other countries this is a very basic feature of the most basic bank account.
Is anyone aware of a such feature in a Canadian bank? Or at least a bank which would allow customers to create their own payees?
TIA.
I had checking accounts with many Canadian financial institutions and not a single one of them allows me to make a transfer to a generic account identified with transit number / bank number / account number. Each bank has a list of payees but none of them seem to allow a generic payment. A sort of "pay anyone" based on their bank account number.
In many other countries this is a very basic feature of the most basic bank account.
Is anyone aware of a such feature in a Canadian bank? Or at least a bank which would allow customers to create their own payees?
TIA.